Category: Gold news

Gold rebounded a modest rebound on Tuesday , after falling more than 1% in the previous session , but the precious metal is still heading for the biggest annual decline in more than 30 years as investors shifted money stock split .

Shows a decline in holdings of index funds fell investor confidence in the metal as a hedge against inflation and as an alternative investment after the Federal Reserve announced ( the U.S. central bank ) plans to reduce its purchases of bonds huge monthly .

By 07:04 GMT, gold rose 0.3% to 1199.40 dollars per ounce , but it will end the year on what appears to be low about 28 % .

And prices much lower than the highest level ever recorded in 2011, when it exceeded $ 1900 in the midst of Europe’s debt crisis .

Hui and gold to the lowest price in six months at about $ 1,185 on December 20, after the Fed’s decision to reduce the bond purchases , which triggered a wave of selling in the metal.

Said Managing Director of Central Gold Silver in Singapore , because Brian : “For the next quarter will look like precious metals as a whole is weak . Could test gold , especially during the first quarter lows for the current year which is not far away .”

The U.S. gold futures fell 0.4% to 1198.70 dollars an ounce , and the decline in the spot price of silver 0.5% to 19.45 dollars an ounce .

Platinum rose 0.3 % to hit U.S. $ 1359.49 and palladium rose 0.4 percent to 709 dollars an ounce .

The price of gold fell one percent on Monday amid thin trading due to the New Year’s holiday , heading for recording the largest annual loss in more than three decades, amounting to about 30 percent as it lost its luster because of the increasing risk appetite and expectations of a recovery global economic .

European shares hovered near its highest level in five years after it posted strong gains over the two weeks after the arrival of Japanese stocks to their highest levels in six years .

And went down the price of gold in online transactions to its lowest level in the session at 1200.79 dollars per ounce earlier . By 1038 GMT was down 0.9 percent at 1202.50 dollars.

The price of gold fell U.S. contracts in futures for February delivery $ 12.30 to 1201.70 dollars an ounce .

And puts the performance of gold in 2013 led to a rally lasted 12 consecutive years as prices fell after the U.S. central bank’s decision to reduce monetary stimulus program .

And silver fell 1.9 percent to 19.65 dollars an ounce . And silver dropped 35 percent this year , the worst annual performance since at least 1982 .

Platinum lost 0.9 percent to 1359 dollars per ounce to stop upward trend that lasted four consecutive sessions . Palladium fell 0.2 percent to 706.50 dollars an ounce

Gold settled little changed on Thursday in thin trading end of the year , but in the process the largest annual loss in more than 30 years of his stock rise and optimism about the global economic recovery , which won its appeal as a safe haven .

And influenced the concerns of this year to begin the Fed ( the U.S. central bank ) to reduce stimulus measures and the recent decision to proceed with the gold which is a hedging tool against inflation .

And is approaching gold record loss of 30 percent in 2013 to end the rally lasted 12 years due to low interest rates and steps central banks around the world to support the economy .

By the time 0724 GMT, gold was flat at 1204.70 dollars per ounce . The decline this year will be the largest gold since 1981, and the current price less 37 percent from the all-time high of $ 1920.30 recorded in 2011 .

Analysts expect and traders continued decline in prices in the next year, but to a lesser degree .

One trader said the precious metals market in Hong Kong, ” We may experience early next year, the level of one thousand dollars, but I do not expect prices to fall in the same class this year . Might happen some recovery starting from the middle of the year and on the basis of economic data . ”

Silver settled unchanged at $ 19.5 an ounce .

Platinum rose 0.7 percent to 1338.58 dollars an ounce and palladium rose to 695.5 for the same dollars

Gold recovered from initial losses on Friday , which plunged him to the lowest level in six months , after receiving support from purchases to cover short positions , but still heading towards recording the largest annual loss in 32 years.

The damage to the precious metal from the Federal Reserve’s decision to start reducing the extensive program for the purchase of assets and expectations decrease the deficit in the budget of the U.S. government .

The U.S. central bank’s decision to the beginning of the end of an era of monetary easing helped gold to climb to its highest level ever at 1920.30 dollars per ounce in 2011 .

And displays the precious metal – a tool traditionally a hedge against inflation – a strong selling pressure after reaching the U.S. Congress to agree to the budget of a two-year earlier this week , a deal that would ease the cuts automatically in spending and reduce the risk of government stops working.

The price of gold fell to the cash sale earlier in the session to 1185.10 dollars an ounce , its lowest level since June and just shy of its weakest level in three and a half years in which his record June 28.

But recovered later in the session to climb to 1202.56 dollars an ounce in late trading in the U.S. market supported by purchases to cover short positions and actual purchases .

The futures closed the U.S. gold for February delivery high 10.10 dollars to 1203.70 dollars an ounce .

And end the week, gold prices low and about 3 percent , down about 28 percent from its level at the beginning of the year. And moving toward ending the series yearly gains lasted 12 years.

Among other precious metals , silver rose for immediate sale 0.8 percent to 19.39 dollars an ounce , while platinum jumped 1.1 percent to 1329.75 dollars an ounce and palladium rose 0.2 percent to $ 695 an ounce

The price of gold reached its lowest level in six months on Friday and approached the lowest level in three and a half years after a huge wave of selling in the wake of the U.S. central bank’s decision to reduce monetary stimulus .

After losses this week is expected to be the largest gold record annual decline in his 32 years.

Gold fell in online transactions to its lowest level in six months at 1185.10 dollars per ounce earlier in the day Friday , then recovered some lost up to 1192.80 dollars by the time 0731 GMT, thanks to bargain hunting cheap .

Analysts said traders and technical factors and sentiment remains pessimistic , although gold may fall more.

Said a trader in precious metals in Hong Kong, ” the volume of trading in Asia is very small so I do not expect a big movement on the spot. Throughout the day but I think we may go down from the lowest levels of the year. ”

Gold fell almost three percent this week and 29 percent since the beginning of the year .

And silver today fell 0.4 percent to 19.16 dollars an ounce , while platinum rose 0.3 percent to 1318.75 dollars and palladium rose 0.5 percent to $ 697

Gold appeared losses since the beginning of this year, 26%. In spite of the slight increase recorded by the yellow metal yesterday reaching 1233.30 dollars an ounce, but he was unable to bridge the huge gap in price.

Joyce said if investment analyst at Phillip Futures said gold candidate to decline between 30 and 60 dollars for the current range.

Silver settled unchanged at 19.87 dollars per ounce.

Platinum rose 0.2% to hit U.S. $ 1348.75 and palladium rose 0.5% to 700.75 dollars an ounce.

The price of gold fell more than one percent on Thursday , its lowest level since late June after the U.S. central bank took the first step to change the loose monetary policy that has helped to lift gold prices to record levels in recent years.

He said the Federal Reserve ( the U.S. central bank ) said on Wednesday that the U.S. economy has become strong enough to begin to reduce the bond-buying program to end the era of massive monetary easing by which gold rose to 1920.30 dollars per ounce in 2011 .

The price fell Spot gold on Thursday 1.2 percent to 1203.85 dollars an ounce by 1000 GMT, and had touched earlier to $ 1200.25 . Gold fell U.S. futures for February February 32 dollars to 1203 dollars per ounce .

Although the stimulus has promised to cut the bank to keep interest rates low for a long time and said that the action taken is not a tightening of monetary policy.

Silver fell 2.2 percent to 19.29 dollars an ounce, platinum was down 0.5 percent to 1324.25 dollars an ounce , while palladium settled unchanged at 695.25 dollars an ounce , after falling for five days

A recent economic report said that the weakness of the new gold during last week contributed to the rise in implied volatility on growing expectations that the current levels of trade may face more challenges.

A report Saxo Bank: So it was not surprising to find that the tendency is moving strongly to the need to protect tend toward fall. Split landing options trades for the first ten decades optional evenly between the sale and purchase.

The fluctuation curve remained strongly bearish toward the fall with the survival of trade contracts in the optional purchase top six percent above the equivalent in sales. Options trades landing split the first ten decades optional evenly between the sale and purchase of the option. This level of interest received in January 2014 the largest purchase in 1200, and was last trading at 13.70 U.S. dollars per ounce in February 2014, followed by the purchase of 1,150 m at last traded at 12.5 U.S. dollars per ounce.

The report pointed out: The total open interest on options contracts for gold in February 2014 and which covers a nice $ 800 by nine percent during the past few weeks to up to 95 300 contracts. Still rate options contracts for sale and purchase at 0.92 which indicates a relatively large rush in the market something that goes against the current trend may indicate a preference for the use of options contracts on futures contracts to accelerate the vision of the emerging view of the short-term risk of further losses.

Gold imports rose to their highest levels in Turkey this year after a significant decline in the price of the precious metal , is expected to climb further check if it is decided officially easing restrictions on trade with Iran .

Data from the Istanbul Stock Exchange that Turkey imported 270.7 tons of gold in the first eleven months of the year , more than double imports in 2012 amounting to 120.8 tonnes whole .

The increase is due to a sharp decline in gold prices this year , down 26% since December 2012 after rising for 12 consecutive years .

Cameron said Alexander , an analyst at ” Thomson Reuters GFI LMS ” : ” saw Turkey as most market -sensitive prices decline in the price level this year, a chance to rebuild inventories and meet some of the latent demand that be with out consumers from the market because of high prices .”

Gold settled on Friday after volatile trading in the previous session, is expected to record a weekly decline because of improved U.S. economic data , which raises fears of withdrawal of monetary stimulus soon.

Investors are awaiting U.S. jobs data to be released at 1330 GMT , which may give further indications on the possible timing of the withdrawal of stimulus measures in the largest economy in the world .

Gold rose in the spot market 0.3 percent to 1228.09 dollars an ounce by 0648 GMT time . And moving the yellow metal to a weekly loss of two percent , after falling to its lowest level in five months earlier this week .

And prices fell two percent on Thursday after data showed that U.S. economic growth in the third quarter of the year is higher than initial estimates .

And linking the Federal Reserve ( the U.S. central bank ) to reduce its bond buying program improvement of the labor market . Gold prices benefited from the stimulus whereby the bank buys bonds worth 85 billion dollars a month , which enhances the attractiveness of gold as a hedge against inflation .

The price of silver rose 0.7 percent to 19.47 dollars an ounce , while platinum fell 0.16 percent to 1355.75 dollars an ounce and palladium down 0.2 percent to 730.6 dollars per ounce